Issuer-pay model 'still the best bet' for ratings
By Zheng Yangpeng | China Daily | Updated: 2014-11-25 07:10
Debt | Zheng Yangpeng
Much has been said about the disastrous role that major United States credit ratings agencies played in the 2008 subprime mortgage crisis - specifically, the woefully inaccurate ratings they awarded to junk securities.
Six years on, the misery is still being felt across the world economy.
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